A line of credit is the MAXIMUM amount of credit a bank will provide a borrower at any one time.
Line of credit is an agreement between the customer and a financial institution, usually a bank. The agreement establishes a maximum amount that the customer can borrow from the bank at any given time. Customer can draw from the line of credit as long as he or she does not exceed the maximum limit imposed on it.<span>
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Variable costing method is used mostly for internal management decision making process. While absorption costing method is used for both internal and external decision making process
I wish Enry would have looked at the tag on the bed. In most places full price means including the sales tax. However I don't think you mean that. I think that was your before tax amount.
So take 30% off the original price.
There are two ways you can do that. You can take 30% of 1600 and subtract that. We'll do that now.
1600 * 30/100 = 480 dollars. Now take that off 1600
1600 - 480 = 1120
Or you can take 70% of 1600 which should give you 1120 right away.
1600 * 70/100 = 1120
Now you can add on the sales tax and again, there are two ways to do it, but I'm only going to do it one way. The quick way to add on a sales tax (or any tax) is add the % as a fraction on to 1. 1 + 7/100 = 1 + 0.07 = 1.07
1120 * 1.07 = $1198.40
You could do this the other way. 7/100 * 1120 = 78.40.
1120 + 78.40 = 1198.40
Answer:
d. a., b., and c.
Explanation:
Reduction in pay (a) Marginal tax (b) Reduction in tax (c = a x b)
A. $5000 0.28 $1,400
B. $4000 0.15 $600
C. $6000 0.35 $2100
Reduction in After-tax Income (d = a - c)
A. $3,600
B. $3,400
C. $3,900
this means that all the above a, b, and c options are correct because in all the three cases, the reduction in after-tax pay of the employee will be less than $4000 value of the nontaxable insurance premium to be paid by the employer which would ultimately benefit the employee.
